846 N Cherry StGalesburgIL61401
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Galesburg at 846 N Cherry St, Galesburg, IL, 61401 generates $1,577/mo in rent and, after a $665/mo payment, leaves $635/mo in cash flow. Total monthly income is $1,577/mo, and annual cash flow is $7,617/yr on $45,018 invested. Return on cash invested sits at 36.83% in year one, and rental yield is 13.94% on a $135,800 entry. Equity gained on principal adds $876/yr, while 5% annual appreciation builds toward $37,519 over five years. Five-year ROI reaches 194.56% and total cumulative return in cash sums $87,588. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,577/mo property income rather than buyer’s personal income.
Single Family
Built in 1906
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61401, Galesburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,243 (100%) |
| Owner Occupied HU | 8,650 (56.7%) |
| Renter Occupied HU | 4,783 (31.4%) |
| Vacant Housing Units | 1,810 (11.9%) |
| Median Home Value | $102,521 |
| Average Home Value | $143,193 |
Housing Distribution
Address Breakdown
Residential
13,990
Single Family
12,438
Multi-Family
1,552
Businesses
1,024
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